Sunday, June 28, 2020

Virtual Brownbag: A Video Conversation with Randal Quarles, Vice Chair of the Federal Reserve Board

Virtual Brownbag: A Video Conversation with Randal Quarles, Vice Chair of the Federal Reserve Board

Wednesday, July 15th, 2020, 3:00-4:00 pm

The Washington DC Chapter of the J. Reuben Clark Law Society is pleased to kick-off a series of virtual brownbag events with an exclusive informative session with Randal Quarles. During his presentation Mr. Quarles will talk about such things as how the Federal Reserve works, its purpose and roles, what the hiring process was like for him, his chief duties and responsibilities and what is different about this than the various career positions he has had in the past. A 20-minute Q&A session will follow his remarks. All questions must be submitted in writing to Kerry Harding at no later than Friday, July 10th at 4:00 pm. Mr. Quarles reserves the right to not answer any question for matters of  confidentiality, privacy or national security.

Because of Zoom requirements, registration for this event will be limited to 300 participants. Advance registration is required using the link below. The event log-in information will be provided to all registered participants. To register for this event, you must use the following link:

Randal K. Quarles took office as a member of the Board of Governors of the Federal Reserve System on October 13, 2017, to fill an unexpired term ending on January 31, 2018. He was reappointed to the Board and sworn in on July 23, 2018, for a term ending January 31, 2032. He was sworn in as Vice Chair for Supervision on October 13, 2017. His term as Vice Chair for Supervision ends on October 13, 2021. Mr. Quarles is also chair of the Financial Stability Board (FSB). He took office on December 2, 2018, to fill a three-year term. The Financial Stability Board is an international body that monitors and makes recommendations about the global financial system. It also coordinates national financial authorities and international standard-setting bodies as they work toward developing strong regulatory, supervisory, and other financial sector policies. He will serve on the Board and FSB simultaneously. Prior to his appointment to the Board, Mr. Quarles was founder and managing director of the Cynosure Group, a Utah-based investment firm. Before founding the Cynosure Group, Mr. Quarles was a partner at The Carlyle Group, a private equity firm based in Washington, D.C. from September 2005 to November 2006, Mr. Quarles served as Under Secretary of the U.S. Department of the Treasury for Domestic Finance. Prior to serving as Under Secretary, from April 2002 to August 2005, Mr. Quarles was Assistant Secretary of the Treasury for International Affairs. During his tenure, Mr. Quarles served as policy chair of the Committee on Foreign Investment in the United States. Prior to joining the Treasury, Mr. Quarles served, from August 2001 to April 2002, as the U.S. executive director of the International Monetary Fund. From January 1991 to January 1993, he served in the Treasury Department as a special assistant to the Secretary of the Treasury for Banking Legislation and as Deputy Assistant Secretary of the Treasury for Financial Institutions. He received an AB in philosophy and economics, summa cum laude, from Columbia in 1981 and earned a law degree from the Yale Law School in 1984. He and his wife Hope (Eccles) have three children. Randy served in the Canada Montreal Mission from 1977 to 1979. During his years living in Washington, Randy was a member of the Church’s Public Affairs Advisory Committee and a long-time member of the High Council of the Washington, D.C. Stake. He currently commutes weekly to Washington from Salt Lake City where he is a Sunday School teacher in the Neff’s Canyon Ward.